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Havertys has tough Q1; plans three new stores

BY Dan Berthiaume

Atlanta – Havertys reported declining year-over-year net income and sales during the first quarter of fiscal 2014, which the retailer attributed to a 0.9% drop in same-store sales and out-of-period gross profit adjustment in the first quarter of fiscal 2013. The company still plans to open three new stores in its largest markets.

Net income dropped 26% to $6.13 million, from $8.26 million. Net sales declined 2% to $181.7 million, from $186.1 million.

“Our store growth and repositioning is well underway as we work to open three new stores in our largest markets, including a smaller format designed for dense urban areas,” said Clarence H. Smith, chairman, president and CEO. “These combined with the three store relocations and two closures will increase our retail square footage about 1.8% by the end of 2014. We believe measured expansion and our ongoing focus on the customer and her Havertys shopping experience will provide growth in the near and long term."

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Seattle mayor unveils plan to raise minimum wage to $15

BY Marianne Wilson

New York — Seattle Mayor Ed Murray on Thursday unveiled a plan to increase the city’s minimum wage to $15. Although Murray said the hike has broad support across local government, business and labor communities, the City Council still has to vote on the proposal.

Under Murray’s plan, businesses with fewer than 500 employees would have seven years to comply and larger businesses would have three years. Further increases would be tied to inflation.

The state of Washington already has the nation’s highest state minimum wage, at $9.32 an hour.

“Throughout this process, I’ve had two goals: to get Seattle’s low-wage workers to $15-per-hour while also supporting our employers, and to avoid a costly battle at the ballot box between competing initiatives,” Murray said in a statement. “We have a deal that I believe accomplishes both goals.”

In California, lawmakers are debating a proposal to raise the minimum wage to $13 an hour by 2017.

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GPShopper taps Vaysman to enable solutions

BY CSA STAFF

Mobile solutions provider GPShopper named Yana Vaysman to a new role overseeing a wide range of client facing implementation functions.

GPShopper bills itself as the leading developer of mobile solutions for retailers, and in her role as vp of solutions enablement Vaysman will be based in the company’s Chicago office. She will oversee project management as well as implementation process for all clients, enhancing customer service and facilitating collaboration between GPShopper’s account management and product development teams.

“Yana’s mobile, e-commerce and deep retail expertise will enrich GPShopper’s strategic approach to solving our clients’ business challenges,” said Alex Muller, CEO of GPShopper. “As we continue to add high-profile retailers and brands to our client roster, our ability to deliver superior customer support is increasingly important.”

According to the company, Vaysman brings an extensive knowledge and deep understanding of mobile and e-commerce as well as improving the omni-channel experience to her new role. She previously held roles as Cognizant Technology Solutions, W.W. Grainger and United Airlines.

“I am thrilled to join GPShopper’s team,” said Vaysman. “There is no better place to be now than the digital and mobile space.”

GPShopper develops mobile solutions for retailers and brands to drive mobile commerce, increase in-store engagement and promote brand loyalty. Some of the company’s clients include Express, Estee Lauder, Best Buy, Bebe and The North Face.

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